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Note 4 - Property and Equipment
 6 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 4 — Property and Equipment

 

The Company’s property and equipment at September 30, 2025 and  March 31, 2025 was as follows (in thousands):

 

  

September 30,

  

March 31,

 
  

2025

  

2025

 

Property and equipment, net

        

Computer, machinery, and software equipment

 $2,584  $2,597 

Furniture and fixtures

  564   564 

Leasehold improvements

  597   597 

Capitalized internally developed software

  19,694   18,669 

Total property and equipment

  23,439   22,427 

Less accumulated depreciation and amortization

  (20,924)  (21,534)

Total property and equipment, net

 $2,515  $893 

 

Depreciation expense was $0.1 million and $0.8 million for the three months ended September 30, 2025 and 2024, respectively. Depreciation expense was $0.2 million and $1.6 million for the three months ended September 30, 2025 and 2024, respectively. During the six months ended September 30, 2024, the Company disposed of $3.3 million of equipment with a corresponding write-off to accumulated depreciation.

 

During the six months ended September 30, 2025, the Company wrote off $0.9 million of internally developed software and the corresponding accumulated depreciation as a result of no longer using the software in operations.